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* Invest Now * See Portfolios * Learn more * Meet our investment experts * Investor Login * Invest Now * See Portfolios * Learn more * Meet our investment experts * Investor Login JEREMY MCPHAIL Model Portfolio Manager * Email > Invest now Insights WHEN SHOULD YOU START INVESTING? There’s no perfect time to start investing, but if you’ve covered the basics, it’s never too early to start. The right time to begin investing should be when you have created a financial buffer for yourself with a savings strategy and a good handle on any debt. START INVESTING AS SOON AS YOU HAVE A SAVINGS BUFFER A general rule of thumb is that you have saved up three months’ salary, or more, so that you can cope with a sudden change in your financial situation. When you have savings in place you can follow this five-step investment plan that works with your lifestyle: 1. Set a budget 2. Understand your goals 3. Set realistic timeframes to achieve your goals 4. Assess your risk tolerance 5. Find a quality, secure investment platform to begin investing The earlier you start investing, the more time you have to achieve your goals and also benefit from the compounding effects that long-term investing offers. WHAT’S SO GREAT ABOUT COMPOUNDING? Compounding is when you earn returns on your returns. It’s what makes investing so great and the single best way to build wealth. HOW DOES COMPOUNDING WORK? If you have money in a savings account, that money will earn interest. If you don’t withdraw that interest, and instead leave it in the account, it will increase your account balance. When your next interest payment is calculated, it is calculated on the larger account balance and earns even more interest. And so, it goes on. Compounding works the same way for investments. If each time you earn a dividend or income payment from your investment and you reinvest these funds to buy more shares, your reinvested earnings will generate additional earnings. Compounding can make a significant difference to the value of your savings and investments over time through this simple strategy. The longer your money is invested, the bigger the effect compounding can have, so to take full advantage of this strategy, think about starting early. See an example of the power of compounding at the bottom of this post and discover how you can build wealth depositing just $100 a month in your Rev Invest account. FINDING THE RIGHT INVESTMENT PLATFORM Once you’re ready to get started, the next step is finding the right place to invest your money. Here are five things to tick off your list when searching for the right investment platform: 1) It's easy - You want to be able to create an account, login, deposit your funds and start investing (2) It's transparent - You can find out what's happening with your investment any time by logging into the portal or app. (3) It's backed by knowledge - You need a proven investment team managing your money. Real people who are accountable and know their stuff, not faceless algorithms. (4) It's your choice - you should be able to choose the portfolios and the risk level that's right for you, but not be overwhelmed by choice that makes it confusing to decide (5) It's there when you need it - with the right investment platform, you should be able to keep an eye on your portfolio through life, knowing you can access it when you need it. So why wait? Follow these simple tips for getting started and enjoy the benefits of investing early. HOW TO GET STARTED Rev Invest is the perfect way to start investing in ETFs, with your choice of in five tailored managed portfolios to help you get ahead faster. Set up your account in minutes and start investing with as little as $5000 today! POWERED BY Rev Invest Pty Ltd (ABN 85 661 283 343, Corporate Authorised Representative ASIC 1299614) is distributed by FMD Advisory Services Pty Ltd (AFSL 232977) and administered by OpenInvest Limited ACN 614 587 183 via the OpenInvest Portfolio Service ARSN 628 156 052. This website provides factual information about the service, and any general advice contained does not take into account your objectives, financial situation or needs. Before making any investment decision, please review the PDS and Target Market Determination available at www.rev.openwealth.net.au/key-documents/. Should you require assistance in determining whether an investment in the service is right for you, you may wish to seek personal advice from an appropriately licensed financial adviser. MELBOURNE CBD P (03) 9620 4633 E melbourne@revinvest.com.au A Level 31, 367 Collins St Melbourne VIC 3000 BRISBANE P (07) 3852 1966 E brisbane@revinvest.com.au A Suite 20, 39 Jeays Street Bowen Hills QLD 4006 ADELAIDE P (08) 8110 4888 E adelaide@revinvest.com.au A Level 1, 431-439 King William St Adelaide SA 5000